"I think people need to understand that when you are invested in a place with people, your players and all that and it means uprooting a lot of things I think it goes under consideration but I think I've proven how special this place is to me and my family and that's what it is," said Jones after returning to Cincinnati following a press conference for the Belk Bowl in North Carolina earlier in the day.

A report put out by the Denver Post that Jones had accepted the CU job was quickly refuted by both universities and by Jones.

Sources confirmed to 9NEWS that school officials had not been contacted on Wednesday by the coach or his agent.

Late Wednesday evening Jones tried to clarify his position, "I have not had a chance to even speak with my family and you know for a number of days and working and all that so tomorrow [Thursday] a decision will be made."

The Buffs have offered the coach a five year, $13.5 million deal to become the head football coach after the firing of Jon Embree.

"It's about decisions that affect the rest of your life and I've always been brought up that you do your due diligence," Jones said. "I apologize if there has been any inconvenience but this decision rests a lot and I think everyone knows how much I care about Cincinnati, our university, our players and the entire community."